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Editor’s Note: This article first appeared in the May 1974 issue of the R.E. News Observer. “I am not the kind of person who can save money to build an estate.” The author is unknown, but often quoted. It is a fact that it takes money or assets to get started in Estate Build­ing. Many […]

Editor’s Note: This article first appeared in the July 1975 edition of the Real Estate News Observer. If you are having a problem with cash flow, the reason may be one of the following eight traps in Personal Money Manage­ment. Too Much House: Frankly, it is very easy for the American public to buy a […]

Editor’s Note: This article first appeared in the April 1975 issue of the Real Estate News Observer 1975 EDITOR’S NOTE: In mid-Janu­ary, the National Society of Ex­change Counselors elected Clif­ford Weaver as its President. He replaces Richard R. Reno of San Diego, California, who was presi­dent and founder of the Society. Reno has received every […]

Editor’s Note: This article first appeared in the October 1975 issue of the Real Estate News Observer. I would make sure it was a win­ner: If I had only one listing, I certainly would not have any ex­cuse for not having all the home­work, research and data pertain­ing to the listing and the area where […]

Editor’s Note: This article first appeared in the April 1973 issue of the Real Estate News Observer. In the Beginning Mr. and Mrs. Seller had purchased an industrial parcel of land some five years ago for $200,000. They purchased the property for 25 percent down and agreed to pay the balance over five years. They […]

Two Realtors owned a commercial lot on a busy street, encumbered by two private loans of $20,000 and $14,000. The lot adjoined an older motel that handled the payments and taxes. However, the geographical management and continued deferred maintenance soon created a problem. The lot was offered for sale or exchange. There were no buyers ready, willing and able to tackle the “motel” headache.

I would make sure it was a winner: If I had only one listing, I certainly would not have any excuse for not having all the home¬work, research and data pertaining to the listing and the area where the listing is located.

This article, while saying some “no no’s” about our profession, is written to those who most likely do not subscribe to any professional magazine or educational journals, such as the Real Estate News Ob¬server.

Frankly, it is very easy for the American public to buy a home which can be acquired from “nothing down” to “very little down.” The bright side of the picture is the fact that “little or no capital” is required for the initial down payment. However, the other side is that the monthly principal and interest is high. Few buyers take into consideration the inflationary cost of water, gas, electricity and other utilities.